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Last $27.04 USD
Change Today -0.17 / -0.62%
Volume 14.1K
AROW On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

arrow financial corp (AROW) Snapshot

Open
$27.19
Previous Close
$27.21
Day High
$27.26
Day Low
$26.92
52 Week High
10/31/14 - $27.93
52 Week Low
05/7/14 - $24.31
Market Cap
343.4M
Average Volume 10 Days
19.5K
EPS TTM
$1.85
Shares Outstanding
12.7M
EX-Date
02/27/15
P/E TM
14.6x
Dividend
$1.00
Dividend Yield
3.66%
Current Stock Chart for ARROW FINANCIAL CORP (AROW)

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arrow financial corp (AROW) Details

Arrow Financial Corporation operates as the bank holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that provide various commercial and consumer banking, and financial products. The company generates various deposit products, including demand deposits, NOW accounts, savings deposits, time deposits, and money market deposits. Its lending activities include commercial and industrial lending primarily to small and mid-sized companies; mortgage lending for residential and commercial properties; and consumer installment and home equity financing. The company also maintains an indirect lending program through sponsorship of automobile dealer programs, under which it purchases dealer paper; and sells residential real estate loan originations into the secondary market. In addition, Arrow Financial Corporation provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration for corporations. Further, it is involved in insurance agency specializing in selling and servicing group health care policies and life insurance; property and casualty and sports accident and health insurance agency; investment advisory providing investment advice to its proprietary mutual funds; and providing administrative services, as well as holds a real estate investment trust. The company operates primarily in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, and Clinton counties and surrounding areas. It owns 29 branch banking offices and leases 8 offices, as well as 3 offices and leases 6 others for insurance operations. The company was founded in 1851 and is headquartered in Glens Falls, New York.

513 Employees
Last Reported Date: 03/13/15
Founded in 1851

arrow financial corp (AROW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $306.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $235.0K
Senior Vice President
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2014.

arrow financial corp (AROW) Key Developments

Arrow Financial Corporation Appoints David Kaiser as Senior Vice President

Arrow Financial Corporation has appointed David Kaiser to the position of Senior Vice President. In this role, he will have overall responsibility for the corporation's lending function. Mr. Kaiser will continue to serve as Chief Credit Officer and Executive Vice President for Glens Falls National Bank and Trust Company, Arrow's lead subsidiary.

Arrow Financial Corporation Declares Quarterly Cash Dividend, Payable March 13, 2015

The Board of Directors of Arrow Financial Corporation on January 28, 2015, declared a quarterly cash dividend of $0.25 per share payable March 13, 2015, to shareholders of record March 3, 2015. This represents an increase of 2% over the cash dividend paid in the first quarter of 2014, as a result of the September 29, 2014, 2% stock dividend.

Arrow Financial Corporation Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Arrow Financial Corporation announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. Net income for the fourth quarter of 2014 was $6.4 million, an increase of $585,000, or 10.1%, from net income of $5.8 million for the fourth quarter of 2013. Diluted earnings per share (EPS) for the quarter were $0.50, an increase of 8.7% from the comparable 2013 quarter, when diluted EPS was $0.46. Net interest income, on a tax-equivalent basis, increased $1.1 million, or 6.7%, in the fourth quarter of 2014, as compared to the fourth quarter of 2013, due primarily to an increase in the average level of interest-earning assets between the periods and a decrease in its cost of funds. Income before provision for income taxes was $9.241 million against $8.238 million a year ago. For the year ended December 31, 2014, net income was a record $23.4 million, up 7.2% over net income of $21.8 million for 2013, while diluted EPS was a record $1.85, up 6.9% over $1.73 in 2013. Return on average equity and return on average assets were 11.79% and 1.07%, respectively, for the year ended December 31, 2014, as compared to 12.11% and 1.04%, respectively, for 2013. Net interest income was $61.094 million against $56.216 million a year ago. Income before provision for income taxes was $33.534 million against $30.874 million a year ago.

 

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Industry Analysis

AROW

Industry Average

Valuation AROW Industry Range
Price/Earnings 14.6x
Price/Sales 3.9x
Price/Book 1.7x
Price/Cash Flow 14.7x
TEV/Sales 2.6x
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